National Provident Fund

To talk to someone about your scheme, phone 0800 628 776

In managing the NPF schemes, the Board focuses on:

  • Optimising investment returns (within acceptable risk parameters) and controlling costs
  • Continuing to make quality and efficiency improvements
  • Delivering a level of service that meets members’ needs and represents good value
  • Ensuring compliance with scheme trust deeds, legislation and regulations
  • Ensuring all risks are identified and managed.

The Board has committees responsible for audit and risk review and investment matters.

  • Edward Schuck PhD, MBA

    Edward Schuck (appointed 2015 and Chair in 2017) is principal of Fidato Advisory, a provider of investment consulting and research services to institutional investors, Crown agencies and wealth management businesses. Prior to starting Fidato in 2009, he held leadership roles in the financial services industry in New Zealand and the United Kingdom, most recently as Managing Director of Russell Investments. He is also a director of MMc Limited and chair of the Risk and Audit Committee of Accuro Healthcare. Ed promotes private investment in New Zealand by working actively with the Property Council of New Zealand and the New Zealand Private Equity and Venture Capital Association.
  • Catherine McDowell

    Catherine McDowell (appointed 2013 and Chair between 2016 and 2017) has extensive experience in the investment and financial services industry in senior executive and advisory roles, working with Executive Management and Boards. She has held management roles at Barclays both in New York and London, following which she moved to ANZ in 2006 in New Zealand. She has over 10 years of Board experience with not for profit, listed and non-listed companies.
  • Graeme Mitchell BA, CA, FCA

    Graeme Mitchell (appointed 2010) is Pro Chancellor, a member of the Council and of the Audit and Risk Committee of Victoria University of Wellington, Chair of the External Reporting Board, a member of the Cigna Life Insurance New Zealand Board and a director of Barnardos New Zealand. He is Chairman of the Audit and Risk Committee for the Ministry of Justice and the Ministry of Social Development, Chairman of the Audit and Risk Committee for the Human Rights Commission, and a member of the Audit and Risk Committee for the Porirua City Council. He is also an independent trustee of the Local Government KiwiSaver Scheme "Super-easy" and Honorary Consul General for Norway. Graeme was previously a senior audit partner with Deloitte in Wellington.
  • Wayne Stechman

    Wayne Stechman (appointed 2012) is a professional director. He retired from Tower Asset Management Limited in 2008 after 18 years as Portfolio Manager and Head of Australasian Equities. Prior to that Wayne worked for a leading share broking firm as an investment advisor/portfolio manager. Wayne has extensive experience in the financial services and funds management industry in New Zealand. Other current roles include director and shareholder of Harbour Asset Management, and panel member of Financial Services Complaints Ltd.
  • Stephen Ward

    Stephen Ward (appointed 2016) is a non-executive director of Sovereign Assurance Limited, ASX listed Sydney Airport Limited and SecureFuture Wiri Limited. Stephen is the chair of the nomination and remuneration committee at Sydney Airport and he is on the audit and risk committees of Sovereign and SecureFuture. SecureFuture has designed, built and now operates Auckland South Corrections Facility in a public private partnership with the New Zealand Department of Corrections.

    Stephen also has a number of not for profit roles. He is a board member of The Life Flight Trust (which operates the Wellington based Westpac Rescue Helicopter and a national air ambulance service) and the Wellington Free Ambulance Service (WFA). He is a WFA appointed director of Central Emergency Communications Limited which operates the central New Zealand ambulance despatch control room. He is also the independent chair of the Advisory Council for the Financial Dispute Resolution Scheme.

    Stephen is also a consultant in the Wellington office of national law firm, Simpson Grierson. He was previously a partner and led the Corporate and Commercial Practice of Simpson Grierson for 6 years to 2013; and was on Simpson Grierson's Board of Management for 14 years.
  • Daniel Mussett

    Daniel Mussett (appointed 2016) is the owner of consulting firm, ALSA Consulting, which advises a select number of large investors, most of which are not-for-profit or Crown entities. Daniel also works part-time as the Investment Manager for Southern Cross Medical Care Society. He is the Chairman of the Board of a small charity that supports the needs of boys in straitened financial circumstances and serves as the independent member of the investment committee of a boutique financial advisory firm. Daniel has held a number of senior positions at global consulting firms in both New Zealand and Switzerland. He is a qualified actuary and a member of the Institute of Directors.